this is a contract which brokers use to assure they get paid.signing a buyer agency agreement is in your best interest because the agent then works for you and owes honest and fair dealing to the seller...but he/she works for you, on your behalf.you see - you've got to understand how realtor's do business.

There were no rent credits to be given.Basically my question is - Is it a fair settlement to offer him a 50%refund of his option fee?

sure, there's a bunch of guys that have done business with them in the past, and they know these guys are going to stick to their word and get the deal done (if it's a good deal).

We have a fairly stable economy and good job growth here so I don't think we will see the bottom fall out like I expect in many areas.And as Mike stated, I also think pre-construction right now is VERY RISKY.

@Antonio Bodley If you are talking about a sandwich LO, where you are making payments to the seller, and the tenant is making payments to you, then you would need to pay the owner something for option consideration, but that can be as small as $10 or so.It sounds like LO's are fairly new to you, so I would not recommend a SLO for your first time out of the gate.Just focus on a LO Assignment, where you are assigning yoru contract.

I always thought PM would be a tough business to make money in unless you managed a bunch of properties. 6-10% of rent before taxes is tough.

. :) I called a bunch of contracting companies and they pretty much said it's a small job to fix a window leak.

(actually, you do the exchange but still give the investors their money back).But fair warning: they're not cheap.

He had a bunch of properties when the sign police called he smartly informed him they were on his property.Strange but after that it was very difficult to get anything done through the city.

Aside from that fair housing laws don't let you impose different limits of occupancy.